Bank of New York Mellon Corp Purchases New Holdings in Old Point Financial Corporation (OPOF)
Bank of New York Mellon Corp purchased a new position in shares of Old Point Financial Corporation (NASDAQ:OPOF) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,697 shares of the bank’s stock, valued at approximately $352,000. Bank of New York Mellon Corp owned 0.21% of Old Point Financial Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, Schwab Charles Investment Management Inc. acquired a new stake in shares of Old Point Financial Corporation during the second quarter worth approximately $211,000. Hedge funds and other institutional investors own 35.49% of the company’s stock.
Old Point Financial Corporation (NASDAQ:OPOF) last posted its earnings results on Wednesday, November 1st. The bank reported $0.15 earnings per share (EPS) for the quarter. Old Point Financial Corporation had a return on equity of 3.80% and a net margin of 7.93%. The business had revenue of $11.09 million during the quarter.
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Old Point Financial Corporation Profile
Old Point Financial Corporation is a holding company that conducts all of its operations through two subsidiaries, The Old Point National Bank of Phoebus (the Bank) and Old Point Trust & Financial Services, N.A. (the Trust). The Company operates in three principal business segments: the Bank, the Trust and the Parent.
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